Looks like Superannuation safe from reviews for next few years

In a good sign that the Superannuation system may be safe from tinkering for the next few years, both Tony Abbot and Joe a Hockey have come out strongly in the last few days emphasising they see no need for more Reviews or Inquiries at the moment. They say they have no intentions to change the taxation of Superannuation.

Tony Abbott told Parliament in May 2015 there would be “no changes to super, no adverse changes to super in this term of Parliament, and we have no plans to make adverse changes to super in the future”

From the AFR:

From the SMH:

But as the government showed a sensitivity to voter anxiety absent from its first budget, Mr Hockey ruled out a review of Australia’s retirement incomes system, a review he had previously said was under “active consideration”.

Asked at the National Press Club whether there would be any point in a review after he declared in the budget there would be “no new taxes on superannuation under this government”, he said he and his colleagues had had their “fill of reviews”.

“Changing the taxation regime for superannuation is certainly not the answer,” he said. “Having a review at this point of time is not the answer either. We have no plans to have it reviewed.”

Liam Shorte B.Bus SSA™ AFP

Financial Planner & SMSF Specialist Advisor™

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